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England’s $3.8 Billion Mine in Peril After Funding Fails

  • Company doesn’t believe it could issue $500 million bond now
  • Sirius will slow work on potash mine, start strategic review
Updated on

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Sirius Minerals Plc’s ambitious plans to build a $3.8 billion potash mine in the north of England were left hanging by a thread on Tuesday after the company admitted it couldn’t raise the money it needed.